Bank of America Reiterated CyberArk Software (NASDAQ:CYBR) As a Buy; They Now Have a Price Objective Of $73

June 14, 2018 - By Robert Sims

CyberArk Software Ltd. (NASDAQ:CYBR) Logo

CyberArk Software (NASDAQ:CYBR) Rating Reaffirmed

Equity analysts at Bank of America now has a $73 PT on CyberArk Software (NASDAQ:CYBR). Bank of America and their recent PT would suggest a potential upside of 10.19 % from the company’s last close price. The rating has been revealed in an analyst note on Thursday, 14 June.

CyberArk Software Ltd. (NASDAQ:CYBR) Ratings Coverage

Among 11 analysts covering CyberArk (NASDAQ:CYBR), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. CyberArk has $7100 highest and $50 lowest target. $58.90’s average target is -11.09% below currents $66.25 stock price. CyberArk had 15 analyst reports since February 15, 2018 according to SRatingsIntel. Stephens maintained the shares of CYBR in report on Friday, February 16 with “Hold” rating. Stifel Nicolaus maintained the shares of CYBR in report on Friday, May 4 with “Buy” rating. On Friday, May 4 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. As per Monday, February 26, the company rating was maintained by Imperial Capital. Bank of America upgraded the stock to “Buy” rating in Friday, March 9 report. The firm has “Buy” rating given on Tuesday, February 20 by UBS. Piper Jaffray maintained CyberArk Software Ltd. (NASDAQ:CYBR) on Wednesday, March 7 with “Buy” rating. The rating was maintained by Cowen & Co with “Hold” on Thursday, February 15. The stock of CyberArk Software Ltd. (NASDAQ:CYBR) earned “Hold” rating by Cowen & Co on Friday, April 20. The firm earned “Hold” rating on Friday, May 4 by Deutsche Bank.

The stock increased 0.88% or $0.58 during the last trading session, reaching $66.25. About 510,007 shares traded or 32.70% up from the average. CyberArk Software Ltd. (NASDAQ:CYBR) has risen 23.18% since June 15, 2017 and is uptrending. It has outperformed by 10.61% the S&P500.

Analysts await CyberArk Software Ltd. (NASDAQ:CYBR) to report earnings on August, 14. They expect $0.07 earnings per share, down 36.36 % or $0.04 from last year’s $0.11 per share. CYBR’s profit will be $2.52 million for 236.61 P/E if the $0.07 EPS becomes a reality. After $0.20 actual earnings per share reported by CyberArk Software Ltd. for the previous quarter, Wall Street now forecasts -65.00 % negative EPS growth.

CyberArk Software Ltd. develops, markets, and sells software IT security solutions that protect organizations from cyber attacks in the United States and internationally. The company has market cap of $2.39 billion. The firm offers privileged account security solution to secure, manage, and monitor account access and activities. It has a 161.19 P/E ratio. The Company’s privileged account security solution consists of Enterprise Password Vault that provides a tool to manage and protect physical, virtual, or cloud assets; SSH Key Manager to store, rotate, and control access to SSH keys for preventing unauthorized access to privileged accounts; Privileged Session Manager that protects servers, applications, databases, and hypervisors from malware; and Privileged Threat Analytics that profiles and analyzes individual privileged user behavior and creates prioritized alerts when abnormal activity is detected.

More notable recent CyberArk Software Ltd. (NASDAQ:CYBR) news were published by: 247Wallst.com which released: “Short Sellers Hike Bets in Cybersecurity Stocks” on June 12, 2018, also Businesswire.com with their article: “CyberArk to Present at Upcoming Investor Conferences” published on May 30, 2018, Globenewswire.com published: “Research Report Identifies Ballard Power, Melco Resorts & Entertainment, CyberArk Software, Third Point Reinsurance …” on June 04, 2018. More interesting news about CyberArk Software Ltd. (NASDAQ:CYBR) were released by: Finance.Yahoo.com and their article: “Palo Alto Networks Inc.: Can the ‘$128 Million Man’ Invigorate PANW Stock?” published on June 07, 2018 as well as 247Wallst.com‘s news article titled: “Short Sellers Can’t Make Up Their Minds on Cybersecurity Stocks” with publication date: May 25, 2018.

CyberArk Software Ltd. (NASDAQ:CYBR) Ratings Chart

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